DoubleVerify Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2022

11. Earnings Per Share

The following table reconciles the numerators and denominators used in computations of the basic and diluted EPS for the three and nine months ended September 30, 2022 and September 30, 2021:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021

Numerator:
Net Income (basic and diluted)	$	10,331	$	7,924	$	25,200	$	1,000
Denominator:
Weighted-average common shares outstanding		164,297		158,045		163,512		144,305
Dilutive effect of share-based awards		6,579		9,000		7,046		9,242
Weighted-average dilutive shares outstanding		170,876		167,045		170,558		153,547
Basic earnings per share	$	0.06	$	0.05	$	0.15	$	0.01
Diluted earnings per share	$	0.06	$	0.05	$	0.15	$	0.01

Approximately 5.3 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in each of the three and nine months ended September 30, 2022 because they were antidilutive. Approximately 4.6 million and 4.3 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in the three and nine months ended September 30, 2021, respectively, because they were also antidilutive.